The U.S. Federal Reserve cuts the benchmark interest rate by 0.25%p, meeting market expectations

The U.S. Federal Reserve (Fed) Federal Open Market Committee (FOMC) announced in an official statement on the 18th (local time) that it would cut the benchmark interest rate by 0.25%p.

This marks the third consecutive cut following the 'big cut' of 0.5%p in September. As a result, the U.S. benchmark interest rate has fallen to 4.25%~4.50%.